Overview

If your company is looking to save time and money during the initial stages of the buying process, IBISWorld’s Reference & Background Checking Services procurement research will provide you with the tools necessary to do just that. This report breaks down the data and analysis behind buying Reference & Background Checking Services, such as pricing dynamics, supply chain risks and external demand drivers. Your company will also gain expert negotiation tactics to help gain leverage when working with suppliers.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Reference & Background Checking Services - Recent Price Trend

In the three years to 2017, the price of reference and background checking services has been increasing at an estimated average annual rate of 3.1%. Demand growth has been pushing prices upward during the period, although competition has limited the rate of price growth.As the national economy has grown, businesses across the country have hired more employees. Often, companies use background...

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Reference & Background Checking Services - Total Cost of Ownership

The total cost of ownership for reference and background checking services is low. There are no hidden costs of ownership related to these services. In addition to the benchmark price, buyers often pay initial setup costs if they sign a long-term agreement or will be doing significant business with the supplier, because these agreements often, though not always, include the setup of proprietary...

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About this Report

This report is intended to assist buyers of reference and background checking services. Reference and background checking services are typically used to evaluate applicants before offering employment and potential tenants before signing lease agreements. Reference and background checking suppliers provide past employment and education verification, social security number verification, criminal record checks and other relevant screenings. Suppliers include firms that specialize in background screening services and diversified human resource management service providers. This report does not include consumer credit reporting services or business credit reporting services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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